JTX broke out today, much higher than our $1.58 buy trigger from last week. Unfortunately, this buy trigger hit on Friday at $1.58, but was technically stopped out at $1.54 so I have to record it as an official loss on my performance tracking spreadsheet.
In our chatroom, however, I stated on Friday afternoon that JTX still looked like a great setup and I also stated I had went long with 2.5K shares at $1.54 per share.
Today, JTX hit a high of $1.92 per share, closing up a nice 21%. Many subscribers took this trade on Friday between $1.54-1.58 and sold into this spike, which is part of my strategy. I often look for chart patterns called “Oversold Reversal Spikes” which is how I can predict breakouts before they occur. I stated this in my video each night.
Although my personal trades are not always timed right, my subscribers are using the strategy I teach nightly to identify stocks before they break out, and how to read charts and trade off of technical patterns. Stocks can breakout without news, solely on technical breakouts as shown with JTX today when it crossed and spiked over the 10day EMA.
Below is an excerpt from last night’s video watchlist that was sent to subscribers:
if you cannot video this video, click here: http://www.youtube.com/watch?v=pK5XfZre4wo
Regards,
Kris
ProphetAlerts.com Staff
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